in News Departments > FYI
print the content item

Real Logic Inc., a company that specializes in alternative transportation vehicles, has come to agreement on terms for a Real Logic subsidiary with a company developing a new generation of commercial wind turbines with optional hydrogen production and storage components.

This company has completed design, marketing and manufacture of a new wind turbine system and will be transferring into the new subsidiary the exclusive rights for the intellectual property for the system, including patents and patents pending, proprietary systems and improved wind turbine design.

The company's pro forma summary projections indicate that revenues will be generated from equipment sales, development operations and maintenance services and wind farm revenues. Real Logic will be the majority owner of the new subsidiary.

"We are pleased to have such an outstanding product for our clean energy division whose mission, compatible to ours, is to serve humanity and the environment by developing, constructing, marketing and operating sustainable energy technologies comprised of existing and emerging wind, hydrogen and other alternative systems to address the needs of the global community and reduce reliance on environmentally damaging fossil fuels," says Michael Posner, president of Real Logic.


Trachte Inc._id1770
Latest Top Stories

Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.


Embryonic No More: U.S. Offshore Wind Industry Gaining Momentum

After a decade of fits and starts, the industry is moving closer to installing the first generation of wind projects off the country's shores.


AWEA: U.S. Installs 853 MW Of Wind In First Half Of 2014

The American Wind Energy Association (AWEA) reveals the U.S. industry's progress thus far this year and underscores the importance of policy certainty.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965